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Mar 21, 2013
03/13
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they don't want the economy to slow down. it is a huge burden on consumers and businesses. we have the battle. lou: part of the fundamentals is a little place called cyprus related to another little place called greece, related to something much bigger. the eurozone -- these people have made a horrible misjudgment. the european central bank and the international monetary fund. is it recoverable? >> well, they have their back against the wall. they don't have a printing press like we do. the germans don't like the russians and all of this stuff. so you have to see that the federal reserve by pushing short and long-term rates, two to three percentage points, we have basically confiscated this in the last for five years. we just did in a less obvious way. >> a less obvious way. what is pretty obvious now is you have this with the bond market they are sitting here taking every element. predicting the end of the world. at some point, i am not ready for the end of the financial world as we know it. are you? >> we have had bubble bursts since the late '90s. i used to say that the
they don't want the economy to slow down. it is a huge burden on consumers and businesses. we have the battle. lou: part of the fundamentals is a little place called cyprus related to another little place called greece, related to something much bigger. the eurozone -- these people have made a horrible misjudgment. the european central bank and the international monetary fund. is it recoverable? >> well, they have their back against the wall. they don't have a printing press like we do....
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Mar 21, 2013
03/13
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economy, let's go to cnbc's karen cho. a rollerer coaster ride the las couple days. >> we're looking for a mixed start. we're expecting to see a bit of a dip out of the gates for the like of the s&p 500 and also the nasdaq. there were gains across the market yesterday. this is exactly what investors are looking to see. the same stimulus train thanks to ben bernanke. we heard that the qe program, $85 billion a month in mortgage and treasury purchase will remain for the foreseeable future. ben bernanke still keeping an eye out for potential negative effects from the policy. but so far he's promised the markets this will continue. in terms of the commentary around the dart, we did see adjustment lower on the growth forecasts. smament, ben bernanke is pointing to the fact that there has been some improvement in the likes of the housing market. the fiscal consolidation thanks to its playing out for the budget, this is going to have an impact in 2013 growth, 2.3% to 2.8% is the number we're looking at. this is down from 2.3% to
economy, let's go to cnbc's karen cho. a rollerer coaster ride the las couple days. >> we're looking for a mixed start. we're expecting to see a bit of a dip out of the gates for the like of the s&p 500 and also the nasdaq. there were gains across the market yesterday. this is exactly what investors are looking to see. the same stimulus train thanks to ben bernanke. we heard that the qe program, $85 billion a month in mortgage and treasury purchase will remain for the foreseeable...
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Mar 18, 2013
03/13
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as we know, events in italy and spain which are giants in the european economy can affect the risk appetite globally and that is very tenuous at high levels. >> steve sedgwick, nice to see you, thank you. >>> less than a week into his tenure at the vatican, pope francis has defined himself as a pontiff to the people and something of a challenge to his security detail. the new pope broke protocol and made an impromptus appearance at the side gate of the vatican where he shook hands and kissed babies. pope francis then gave his first prayer to the virgin mary which focused on mercy and forgiveness and drew cheers by closing his remarks with the italian phrase for "have a good lunch." let us know why you're awake. shoot us an a e-mail or tweet me @thomasaroberts. we'll read the best responses later in the show. >> still ahead, brackets are set, march madness here. i want to break down the teams to watch and surprising names that didn't make the big dance. >>> controversy surrounding the series "the bible." the actor chosen to play the character satan is raising eyebrows. that and a check of we
as we know, events in italy and spain which are giants in the european economy can affect the risk appetite globally and that is very tenuous at high levels. >> steve sedgwick, nice to see you, thank you. >>> less than a week into his tenure at the vatican, pope francis has defined himself as a pontiff to the people and something of a challenge to his security detail. the new pope broke protocol and made an impromptus appearance at the side gate of the vatican where he shook...
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president and he is not what he had to say about i don't recall mr president for sure is a show of russian economy. was made during his annual address the russian parliament this year and here's still stock to this idea that we really have to make environment and russian economy more comfortable for those that got to invest their money. and to keep the money here on russian soil the biggest concern in the biggest and fairness which president putin talked about here concern small businesses private interpreters who have the money in cyprus and we're talking here at least around forty thousand people who have their money in the offshore accounts they will suffer and this is something of course which is now being seriously condemned by moscow but then of course cyprus is a. very difficult position either it risks losing the bailout funds which of course will keep the country buoyant if it goes ahead with that then of course it loses its foreign investment investment so what does it do the reason feeling that cyprus may be shooting itself in the leg in the sense that it's been living off the offshore
president and he is not what he had to say about i don't recall mr president for sure is a show of russian economy. was made during his annual address the russian parliament this year and here's still stock to this idea that we really have to make environment and russian economy more comfortable for those that got to invest their money. and to keep the money here on russian soil the biggest concern in the biggest and fairness which president putin talked about here concern small businesses...
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Mar 19, 2013
03/13
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KQED
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this is the third smallest member of the eurozone, the third smallest economy in the eurozone. nobody expected this to be the center, the crux of the eurozone financial woes, but now it is. many say cypress sleepwalk into the problem. all the warning signs are there, but nobody heeded them. this has long been a tax haven, a country whose banking sector is eight times the size of the economy. cyprus new what was happening in did not take action. now it is a country that is in severe crisis, and it could really set off a chain reaction across the eurozone. that said, it would be unlikely that the eurozone would let them drop out or a bailout that pales in comparison to the rest, but there will have to be a radical the calculus -- the calculation to try to stabilize the entire single currency -- a radical recalculation to try to stabilize the entire single currency. >> thank you. if you thought the euro crisis was over, it may be time to think again. let's go to syria where there is a confused picture over a potentially dangerous development tonight. the syrian government and rebe
this is the third smallest member of the eurozone, the third smallest economy in the eurozone. nobody expected this to be the center, the crux of the eurozone financial woes, but now it is. many say cypress sleepwalk into the problem. all the warning signs are there, but nobody heeded them. this has long been a tax haven, a country whose banking sector is eight times the size of the economy. cyprus new what was happening in did not take action. now it is a country that is in severe crisis, and...
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Mar 21, 2013
03/13
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israel's already a center for innovation that helps power the global economy. and i believe that all of that potential for prosperity can be enhanced with greater security, enhanced with lasting peace. [ applause ] here in this small strip of land that has been the center of so much of the world's history, so much triumph and so much tragedy, israelis have built something that few could have imagined 65 years ago. tomorrow i will pay tribute to that history at the grave of a man who had the foresight to see the future of the jewish people, had to be reconnected to their past, at the grave of a man who understood that israel's victories in war had to be followed by the battles for pea peace, where the world is reminded of the cloud of evil that can descend on the jewish people and all of humanity if we ever fail to be vigilant. we bear all that history on our shoulders. we carry all that history in our hearts. today as we face the twilight of israel's founding generation, you, the young people of israel, must now claim its future. it falls to you to write the ne
israel's already a center for innovation that helps power the global economy. and i believe that all of that potential for prosperity can be enhanced with greater security, enhanced with lasting peace. [ applause ] here in this small strip of land that has been the center of so much of the world's history, so much triumph and so much tragedy, israelis have built something that few could have imagined 65 years ago. tomorrow i will pay tribute to that history at the grave of a man who had the...
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Mar 20, 2013
03/13
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. >> the fans equal a win for san jose's economy. monte francis live in san jose where you spoke to downtown businesses with more on the economic impact. good morning, monte. >> marla, good morning. in 2010, this tournament generated about $20 million for san jose's economy. expectations this time around are just as high. as you said, college basketball fans from across the country flying into san jose for the tournament. hotels, bars, restaurants in downtown san jose are hoping to recover some of the money they lost with nhl lockout this past season. we're told right now many hotels in san jose are fully booked. when it comes to ncaa's impact on the local economy, there is a trickle down effect. the ceo of the san jose silicon valley chamber of commerce says when the hotels are booked, that translates to more revenue for restaurants, bars, and cafes. >> the expectations are always high. obviously the economic impact can vary. i think the numbers we heard from 2010 were about $20 million in economic impact. so whenever you can bring
. >> the fans equal a win for san jose's economy. monte francis live in san jose where you spoke to downtown businesses with more on the economic impact. good morning, monte. >> marla, good morning. in 2010, this tournament generated about $20 million for san jose's economy. expectations this time around are just as high. as you said, college basketball fans from across the country flying into san jose for the tournament. hotels, bars, restaurants in downtown san jose are hoping to...
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Mar 18, 2013
03/13
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if only because of the economy. this isn't an unrivaled economic super power anymore and doesn't have the money to throw around to get done what it wants done. >> host: i saw hints in the book, at least, of you coming to terms, asking questions about some people might want american decline but what does that mean? do you want china to replace centers would that be good for the world? or no power to have a significant say? would that be good? i got the impression that in some ways very personal terms because it's not only this broad question of american power, it's relating to your experience back in beirut and what you learned in the secretary of state that you think that america having a strong presence in the world, the strongest presence, enif you include think it's relatively declined, is a positive. aye am i misreading senate. >> guest: the relative decline thing, i think american power is changing. the think the whole notion of power is changing. so i'm not actually a big fan of the word decline beau because i
if only because of the economy. this isn't an unrivaled economic super power anymore and doesn't have the money to throw around to get done what it wants done. >> host: i saw hints in the book, at least, of you coming to terms, asking questions about some people might want american decline but what does that mean? do you want china to replace centers would that be good for the world? or no power to have a significant say? would that be good? i got the impression that in some ways very...
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Mar 17, 2013
03/13
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do you want to improve your economy? you have got to include the other half of the country. otherwise you are not going to move forward. officials at the state department and across washington and overseas as well, women's issue. it's a nice soft power thing to have but there's not the urgencn of the day. she is very much part of the discussion and she has made people realize, if you want to move forward you cannot leave behind half of the population. >> host: i found it interesting that in one of the cases you make and set out in the beginning of the administration is to repair american image in the world. while that in some cases was up poll and in places found a striking and pakistan and jordan in beirut, down in egypt. this was down from from the last year the george w. bush administration but i want to ask one last question before we and i think we should touch on benghazi a little bit. how do you think that will affect hillary clinton's legacy is that all? will it be a lasting tarnish that she won't be able to escape or something that history does -- >> guest: very bri
do you want to improve your economy? you have got to include the other half of the country. otherwise you are not going to move forward. officials at the state department and across washington and overseas as well, women's issue. it's a nice soft power thing to have but there's not the urgencn of the day. she is very much part of the discussion and she has made people realize, if you want to move forward you cannot leave behind half of the population. >> host: i found it interesting that...
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Mar 20, 2013
03/13
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to new cures, harness new energy and have helped transform us in the high-tech homes of our global economy. we stand together because we share a commitment to helping our fellow human beings around the world. when the earth shakes and floods come, our doctors and rest was reached out to help. when people are suffering, from africa to asia, we partnered to fight disease and overcome hunger. piecend together because must come to the holy land. for even as we are clear-eyed about the difficulties we never lose sight of the vision of israel at peace with its neighbors. so, as i began this is it let me say as clearly as we can, the united states of america stands with the state of israel because it is in our fundamental national security interests, it makes us both stronger, it makes us both a more prosperous, and it makes the world a better place. that is why -- [applause] the united states it was the very first nation to recognize the state of israel 65 years ago. that is why the star of david and the stars and stripes flying together today. that is why i am confident in declaring that our al
to new cures, harness new energy and have helped transform us in the high-tech homes of our global economy. we stand together because we share a commitment to helping our fellow human beings around the world. when the earth shakes and floods come, our doctors and rest was reached out to help. when people are suffering, from africa to asia, we partnered to fight disease and overcome hunger. piecend together because must come to the holy land. for even as we are clear-eyed about the difficulties...
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Mar 20, 2013
03/13
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economy. that is down from 70%, 2-1/2 years ago. there is less confidence in the president's ability to fix it. 47% now. 51% last year. the dow is back on a winning streak. the industrial average up for second day in a row. gaining 56. s&p 500 finished ahead 10. nasdaq up 25. we learned idea what cyprus will not do to qualify for international bail-out of the troubled economy. with a tax on savings account out, the lawmakers are scrambling to come up with another plan. senior foreign affairs correspondent greg palkot tells us what is under consideration. >> the banks will remain closed for the rest of the week after a controversial plan to tap in to private savings to bankroll a bail-out rejected by the parliament. we are feeling easier because there might not be a levy on deposits. but the situation could get worse. the officials scram to believe come up with a plan "b" for the near bankrupt country. european union will not put up its share of the $20 billion bail-out without cyprus doing its bit. they offer to mortgage the assets
economy. that is down from 70%, 2-1/2 years ago. there is less confidence in the president's ability to fix it. 47% now. 51% last year. the dow is back on a winning streak. the industrial average up for second day in a row. gaining 56. s&p 500 finished ahead 10. nasdaq up 25. we learned idea what cyprus will not do to qualify for international bail-out of the troubled economy. with a tax on savings account out, the lawmakers are scrambling to come up with another plan. senior foreign...
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Mar 18, 2013
03/13
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we all know the bad numbers out of the economy in the last couple quarters, being run over by some of these media folks -- look no further than the unemployment rate which is a fancy way of saying all the people that are either parttimers that want fulltime, or all the people that have just been so discouraged, they have given up looking for work. the number is over 14%. so while the unmomentum rate is celebrated at a post recession low, we're still about mid-teens for unemployment as a real term. >> neil: let me ask you this. when so many states are seeing for some a sudden uptick in the up employment rate,ings to that trigger or pop up in the national numbers or is there a lag effect? what do you see? >> well, there's certainly a lag effect to some degree because there are different economic factors going on in different states. we talk about this before. all the fracking has poshed then unemployment rates in dakotas, but at it gone up, especially in states next door. but for anybody to sit here and tell you that fundamentals are changing as a whole across the nation are as misdenge
we all know the bad numbers out of the economy in the last couple quarters, being run over by some of these media folks -- look no further than the unemployment rate which is a fancy way of saying all the people that are either parttimers that want fulltime, or all the people that have just been so discouraged, they have given up looking for work. the number is over 14%. so while the unmomentum rate is celebrated at a post recession low, we're still about mid-teens for unemployment as a real...
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find out what's really happening to the global economy with my tax cuts are a no holds barred look at the global financial headlines tune into kinds a report on our. a. little.
find out what's really happening to the global economy with my tax cuts are a no holds barred look at the global financial headlines tune into kinds a report on our. a. little.
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Mar 21, 2013
03/13
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deciding weather to increase or lower interest rates to stabilize the economy -- it is ideal for that, but it is inadequate as a measure of well- being. >> research backs of the old cliche that money cannot buy happiness. studies show that people from industrialized countries with annualized incomes above 60,000 euros are not necessarily have here. wealthier scandinavian countries to report happiness. in denmark, the satisfaction is attributed to its generous welfare state and low unemployment. according to the world happened is report, finns and norwegians are also content. germany ranks 30th and is in the top quarter of countries surveyed. african nations are among the least happy. a german parliamentary group is examining weather to include happiness in germany's gdp calculation, making it more of -- more than a summary of exports. >> many people are now working on it. >> the tiny himalayan kingdom of bhutan is already doing that. the right to happiness is even written into the constitution of the buddhist country. the government releases its gross national happiness index every ye
deciding weather to increase or lower interest rates to stabilize the economy -- it is ideal for that, but it is inadequate as a measure of well- being. >> research backs of the old cliche that money cannot buy happiness. studies show that people from industrialized countries with annualized incomes above 60,000 euros are not necessarily have here. wealthier scandinavian countries to report happiness. in denmark, the satisfaction is attributed to its generous welfare state and low...
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because if russia invest by putting money into the cyprus economy returned for gas contracts or it gives them a load it means that the european union don't have as much control and influence over monetary and fiscal policy in cyprus and the one thing that the european union wants to have as part of their grand plan of total domination of european states is to have monetary and fiscal control and therefore they don't want another country line to handle that muslims also one that may ask then why are they not helping cyprus like they did with greece i mean they put a lot of the cash injection within greece but they're not doing that with a cyprus they've given them all these hearts ultimatums. part of it is because through an election coming up in germany and i'm sure merkel wants to send a message to the voters of germany that german taxpayers will not keep bailing out through their own money their their friends and so-called colleagues in the southern european states so she knows that she's got this election if she says that germans are going to bail them out. and some extent spader port
because if russia invest by putting money into the cyprus economy returned for gas contracts or it gives them a load it means that the european union don't have as much control and influence over monetary and fiscal policy in cyprus and the one thing that the european union wants to have as part of their grand plan of total domination of european states is to have monetary and fiscal control and therefore they don't want another country line to handle that muslims also one that may ask then why...
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Mar 21, 2013
03/13
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so is there is a connection between tallest building and strongest economy? now, an economist named andrew lawrence is behind something called the skyscraper index which shows that the construction of very tall buildings is actually a great way to predict the onset of economic changes. so here's how it works. when a skyscraper begins construction, everybody is all excited, ebullient, right, the country is growing. usually they are too excited and then there is a dramatic plunge in the economic outlook of the country. but according to the index, once the skyscraper has finally finished, the economy will be climbing back. one world trade center will be america's tallest tower when it is completed next year. and even though americans' confidence in the economy is bad, our new tallest building seems to indicate things are looking up. hey, you know, i know it's just one tower. and sure, it's a rather thin hope. but if the index holds true, america's economy is going to be in a way better place, a lot sooner than anybody thought. ♪ if loving you is wrong ♪ i do
so is there is a connection between tallest building and strongest economy? now, an economist named andrew lawrence is behind something called the skyscraper index which shows that the construction of very tall buildings is actually a great way to predict the onset of economic changes. so here's how it works. when a skyscraper begins construction, everybody is all excited, ebullient, right, the country is growing. usually they are too excited and then there is a dramatic plunge in the economic...
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Mar 20, 2013
03/13
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he is likely to say the economy is better than it was weeks ago but he could mention the bailout to point out the risky economic situation. >>> hostess can sell and now a bankruptcy judge approved a deal and they still have to decide on the sale of other hostess brand including devil dogs and ring kings. >>> there is a new report about sugary drinks and where they rank for a health problem in the united states. >>> and we have a colorful celebration in the bay area, stay tuned for more news weather and traffic. . >>> carnival triumph was crippled by an engine fire leaving more than 4,000 people stranded but they will not be back until june 15th which means an extra 10 cruises will be canceled. >>> san francisco attorney wants the federal government to crack down on energy drinks. they are urging the fda to require the amount of caffeine to the put on the label. five deaths have been linked to the drinks and the company that makes the drinks say it is safe. >>> they have linked obesity to sugary drinks and the number comes from the american beverage association which says the study i
he is likely to say the economy is better than it was weeks ago but he could mention the bailout to point out the risky economic situation. >>> hostess can sell and now a bankruptcy judge approved a deal and they still have to decide on the sale of other hostess brand including devil dogs and ring kings. >>> there is a new report about sugary drinks and where they rank for a health problem in the united states. >>> and we have a colorful celebration in the bay area,...
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find out what's really happening to the global economy. for a no holds barred look at the global financial headlines kaiser report.
find out what's really happening to the global economy. for a no holds barred look at the global financial headlines kaiser report.
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Mar 16, 2013
03/13
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♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. so if ydead battery,t tire, need a tow or lock your keys in the car, geico's emergency roadside assistance is there 24/7. oh dear, i got a flat tire. hmmm. uh... yeah, can you find a take where it's a bit more dramatic on that last line, yeah? yeah i got it right here. someone help me!!! i have a flat tire!!! well it's good... good for me. what do you think? geico. fifteen minutes could save you fifteen percent or more on car insurance. >>> this week marks the tenth anniversary of the u.s. led invasion of iraq. u.s. troops are gone, but the bloodshed continues. this week, bombings in baghdad caused dozens of casualties. beyond the countless thousands of lives lost, there's a new accounting of how much the u.s. wasted trying to reshape that country. jim clancy has been looking at the u.s. special inspector's report. >> reporter: america's $60 billion splurge to rebuild iraq, and what went wrong comes under the microscope. >> about 8 billion of the $60
♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. so if ydead battery,t tire, need a tow or lock your keys in the car, geico's emergency roadside assistance is there 24/7. oh dear, i got a flat tire. hmmm. uh... yeah, can you find a take where it's a bit more dramatic on that last line, yeah? yeah i got it right here. someone help me!!! i have a flat tire!!! well it's good... good for me. what do you think? geico. fifteen...
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Mar 20, 2013
03/13
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he says our economy is improving but it still needs help. so the fed will keep interest rates at record low levels and will keep buying $85 billion in bonds each month. stocks like that, the dow up 56 points. briefly hitting a new record. the nasdaq up 25. the s&p up 10. of course, investors the world over are still watching the tiny island nation of cyprus as it nears possible bankruptcy. banks there are closed for the rest of the week now. and lawmakers are working on a plan b after parliament rejected a proposal to tax people's savings accounts. the fox business network peter barnes is live in the newsroom in washington. how concerned is the fed about cyprus? >> well, shep, he said the feted is paying attention to it, monitoring cyprus carefully. he said that so far its problems don't appear to be spreading to the u.s. or other countries. and that's the big concern here that this could become a contagion and trigger another financial crisis. but, bernanke suggested cyprus is unique, that its banking system is unusually large, compared to
he says our economy is improving but it still needs help. so the fed will keep interest rates at record low levels and will keep buying $85 billion in bonds each month. stocks like that, the dow up 56 points. briefly hitting a new record. the nasdaq up 25. the s&p up 10. of course, investors the world over are still watching the tiny island nation of cyprus as it nears possible bankruptcy. banks there are closed for the rest of the week now. and lawmakers are working on a plan b after...
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Mar 18, 2013
03/13
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the world and make america's case on a daily basis because he was going to be busy at home with the economy. so there was a very clear reason why he -- one of the many reasons why he chose her as secretary of state, because he knew she could do that for him on a daily basis in all around the world. and that's why i think that she would bring to him an accurate reading of where things stood, what she could deliver to him in terms of moving forward, in terms of agreement, in terms of where the players were when it comes to libya, for example. deliver to him, you know, what was needed for him to make the decision. she lost some battles, but she certainly influenced a lot of decisions. libya being one of them and asia, definitely. >> host: uh-huh, and we'll get to libya next, actually, i find that a -- it was a or very interesting scenario in what happened there. but just one last question on the israeli/palestinian conflict. i was covering aipac in 2010 when hillary clinton spoke at the conference, and she mentioned at the time something that i thought was interesting. she said that far-flung
the world and make america's case on a daily basis because he was going to be busy at home with the economy. so there was a very clear reason why he -- one of the many reasons why he chose her as secretary of state, because he knew she could do that for him on a daily basis in all around the world. and that's why i think that she would bring to him an accurate reading of where things stood, what she could deliver to him in terms of moving forward, in terms of agreement, in terms of where the...
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Mar 18, 2013
03/13
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but i think the president is facing the priority of growing the economy and jobs, and that's where it should be. half of this year's deficit is attributable to people who are unemployed. if we can get people back to work, paying down the deficit. it's much better than an austerity budget. >> you're saying after two years things are definitely better now? >> things are definitely better now. the fiscal picture is brightening. things are brightening still. the last thing we want to do when the economy is poised to recover is throw another obstacle in the way. >> who are you calling for march madness? >> my team, stanford probably not having a shot. >> congressman schiff, thanks for stopping by. jim garrity says quote with st. patrick's hangovers and bracket fillings of march madness this isn't a productive day for our economy. with pantene. amazing pro-v formulas fight signs of damage for healthier, stronger, shinier hair. dare to take the pantene 5 signs challenge today. i took the dare. will you? pantene. daily moisture renewal. hair so healthy it shines. it fills you with energy... a
but i think the president is facing the priority of growing the economy and jobs, and that's where it should be. half of this year's deficit is attributable to people who are unemployed. if we can get people back to work, paying down the deficit. it's much better than an austerity budget. >> you're saying after two years things are definitely better now? >> things are definitely better now. the fiscal picture is brightening. things are brightening still. the last thing we want to do...
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Mar 20, 2013
03/13
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>> the economy will stall because of the cuts and because of the uncertainty. if you look at consumer spending during the merry christmas season, it was down, i believe two percent. you look at that why would you go out and spend money when you are afraid you are going to fall off of a cliff? for a small business owner, you will stop and look up. you are not going to move forward. it will affect our small businesses, restaurants, those that sell products. in the serviced industry. the growth is not going to be there when told if they don't solve the problem, that government's going to stall. the economy is going to stall and then, you know small bids owners don't see the government solving the problem. >> now you are able to get this message out in illinois. >> yes. >> with your small business advisory counsel. their online at small business addvocacy advocacy. >> s va cil.org. >> sbacil.org. >> it's all over the place. we have built up a coalition of thousands and thousands of businesses through different groups in illinois. we are all experiencing the same th
>> the economy will stall because of the cuts and because of the uncertainty. if you look at consumer spending during the merry christmas season, it was down, i believe two percent. you look at that why would you go out and spend money when you are afraid you are going to fall off of a cliff? for a small business owner, you will stop and look up. you are not going to move forward. it will affect our small businesses, restaurants, those that sell products. in the serviced industry. the...
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cyprus has an economy the size of vermont but the assets eight times more than the country's gdp. therein the financial woes come as no surprise to analysts. listen to what alan greenspan said friday. >> europe has been hanging over the american markets for quite a while. the removal of that risk, i think temporarily, i think it is only temporary, has enabled the underlying forces of the market to begin to come into vision. >> and today, the clearer vision that greenspan referred to was clouded the cyprus, we have the report by cyprus matters. >> reporter: cyprus is a smaller island with a smaller economy. but now they're hi
cyprus has an economy the size of vermont but the assets eight times more than the country's gdp. therein the financial woes come as no surprise to analysts. listen to what alan greenspan said friday. >> europe has been hanging over the american markets for quite a while. the removal of that risk, i think temporarily, i think it is only temporary, has enabled the underlying forces of the market to begin to come into vision. >> and today, the clearer vision that greenspan referred to...
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bennett, israel's minister of the economy is here to answer our questions. plus, mayor michael bloomberg called howard shultz ridiculous. he's out front to respond. and the head of colorado's department of corrections answers the door only to be shot down. we take you to the manhunt tonight. let's go "outfront." >>> good evening, everyone. i'm erin burnett. "outfront" tonight with friends like these, well, president obama arrived in israel to day. it was his first trip there as president. everything seemed rosey for a little while between him and benjamin netanyahu. >> and just as we have for these past 6 ayears, the united states is proud to stand with you as your strongest ally and your greatest friend. >> i want to thank you for the investment you have made in our relationship and in strengthening the friendship and alliance between our two countries. >> sounded so perfect. but then -- later in the day things changed. >> iran is a grave threat to israel, a grave threat to the world, a nuclear iran. the united states is committed to dealing with it. >> eac
bennett, israel's minister of the economy is here to answer our questions. plus, mayor michael bloomberg called howard shultz ridiculous. he's out front to respond. and the head of colorado's department of corrections answers the door only to be shot down. we take you to the manhunt tonight. let's go "outfront." >>> good evening, everyone. i'm erin burnett. "outfront" tonight with friends like these, well, president obama arrived in israel to day. it was his first...
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he has unfounded economies about commitment to israel given what his public statements are. president bush, last president bush didn't visit israel until the end of his second term. president reagan never visited. apparently republicans think that still isn't sufficient. the very fact that this president gave a speech to the arab and muslim world early in his presidency is enough of a question mark. and netanyahu has to get beyond that. obviously the president in dealing with all the various challenges has to get through this as well. they are both bigger politicians and bigger international players than this particular spat. >> the day after the election, in the "the new york times," it said this about what netanyahu had done in the campaign. what took place this time was a breaking of all the rules. when our prime minister intervened in the u.s. elections in the name of an american billionaire with a clear interest in the vote, the very same billionaire who used israel's prime minister to advance a nominee of his own for president, billionaire, talking about sheldon adelso
he has unfounded economies about commitment to israel given what his public statements are. president bush, last president bush didn't visit israel until the end of his second term. president reagan never visited. apparently republicans think that still isn't sufficient. the very fact that this president gave a speech to the arab and muslim world early in his presidency is enough of a question mark. and netanyahu has to get beyond that. obviously the president in dealing with all the various...
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and they also need to know we're interested in growing the economy. we need jobs. we think the democratic alternatives that both that senator murray is offering in the senate and chris van holland is offering in the house do that while the republican budget offered by mr. ryan and the who us will have a devastating effect, not only on average working americans, but on job creation in this country. we don't think it's a real budget. we think that the consequences of the policies that are included in that budget would be very devastating to the country and to middle class families and the working people. >> sir, does this mean, though, that we're headed for a government shutdown like we lived through in '95 and '96? >> we're talking about two different things, the budget and the cr, the continuing resolution, the funding past march 27th for government enterprises, i think we'll pass that. i hope we'll pass it this week. i senate i think is going to pass it hopefully late tonight. we'll send it over to us and i expect us to pass it on thursday. the senate passed versi
and they also need to know we're interested in growing the economy. we need jobs. we think the democratic alternatives that both that senator murray is offering in the senate and chris van holland is offering in the house do that while the republican budget offered by mr. ryan and the who us will have a devastating effect, not only on average working americans, but on job creation in this country. we don't think it's a real budget. we think that the consequences of the policies that are...
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cyprus has an economy the size of vermont but the assets eight times more than the country's gdp. therein the financial woes come as no surprise to analysts. listen to what alan greenspan said friday. >> europe has been hanging over the american markets for quite a while. the removal of that risk, i think temporarily, i think it is only temporary, has enabled the underlying forces of the market to begin to come into vision. >> and today, the clearer vision that greenspan referred to was clouded the cyprus, we have the report by cyprus matters. >> reporter: cyprus is a smaller island with a smaller economy. but now the
cyprus has an economy the size of vermont but the assets eight times more than the country's gdp. therein the financial woes come as no surprise to analysts. listen to what alan greenspan said friday. >> europe has been hanging over the american markets for quite a while. the removal of that risk, i think temporarily, i think it is only temporary, has enabled the underlying forces of the market to begin to come into vision. >> and today, the clearer vision that greenspan referred to...
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if we can't economy commitment and assurance which i've made publicly to the american people and to you privately that all options remain on the table, including the prospect which the president, charlie, does not want to do of unilaterally using military force to deal with iran's putative nuclear program. >> rose: so therefore the question is do you have any reason to doubt the president that he believes all other options have failed and iran is about to a year from now get a nuclear weapon and the ability to deliver it that he would not act? plunging markets notwithstanding the >> rising oil prices, a threat to american economic recovery, a generational war with iranians, all of that notwithstanding i believe that if it's unmistakably clear and this that the iranians are breaking out to acquire aweapon that this president will, in fact, use military force. it's not my preferreded option. it clouds the whole option of what the end state would be but i believe, yes he will use military force. >> rose: you agree? >> i think so, too. it's not just about the israelis as well. it's about th
if we can't economy commitment and assurance which i've made publicly to the american people and to you privately that all options remain on the table, including the prospect which the president, charlie, does not want to do of unilaterally using military force to deal with iran's putative nuclear program. >> rose: so therefore the question is do you have any reason to doubt the president that he believes all other options have failed and iran is about to a year from now get a nuclear...
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what is the impetus, what is the reason when their economy is doing relatively well, when there are relatively few threats ostensibly from the palestinians, because people aren't dieing in the same numbers as a few years ago, what is the impetus of making a deal right now and having those difficult compromises and moving those settlers outth and on the palestinian side, why not have a third intifada, this isn't moving. there is a very short timeframe here for the president and the israeli leadership to try to move the needle and move a peace process into gear. and we don't really see anything beyond some very fine outreach an very fine speeches. because there are other strategic realities, notably iran and syria yet again. the palestinian conflict, the palestinian situation, is right at the bottom of everyone's list. >> ben, you're in tel aviv. tell us how the president is being received. i mean we went through the headlines and the sort of love fest and the matching outfits that bebe and the president were wearing yesterday. but in terms of the people on the ground, the youth to the degree th
what is the impetus, what is the reason when their economy is doing relatively well, when there are relatively few threats ostensibly from the palestinians, because people aren't dieing in the same numbers as a few years ago, what is the impetus of making a deal right now and having those difficult compromises and moving those settlers outth and on the palestinian side, why not have a third intifada, this isn't moving. there is a very short timeframe here for the president and the israeli...
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in the global economy and the u.s. economy. you know, frankly on every content. it depends on energy prices and food prices, which in turn depend on energy prices and so forth. i think that when it comes to pass, it won't diminish the interest that we have middle east. so i frankly do not hear a lot of concern about that. i hear much more about it here, frankly. >> thank you, dennis, david, and michael. thank you all for joining us today. please look out on your e-mails for the release of this strategic transition paper. and for what i'm sure will be written analysis that my colleagues will be producing probably as he is flying home. thank you for joining us today. [applause] [inaudible conversations] >> president obama officially named tom presents his choice to be the next labor secretary at a white house event on monday. here is a portion of the president's remarks. >> as the at the head of the u.s. justice department's civil rights division, we have pathways into the workforce for everyone willing to contribute including lg bt americans and immigrants. and he
in the global economy and the u.s. economy. you know, frankly on every content. it depends on energy prices and food prices, which in turn depend on energy prices and so forth. i think that when it comes to pass, it won't diminish the interest that we have middle east. so i frankly do not hear a lot of concern about that. i hear much more about it here, frankly. >> thank you, dennis, david, and michael. thank you all for joining us today. please look out on your e-mails for the release of...
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wherever you are today, fidelity's guidance can help fine-tune your personal economy. fidelity investments -- turn here. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions in capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news america." >> this is "bbc world news america." reporting from washington, i am katty kay. the financial crisis in cyprus. the bailout plan to save this time the island from bankruptcy rattled markets around -- this tiny island from bankruptcy rattled markets around the world. we examine intelligence about weapons of mass destruction that was ignored. from one jungle to another. we will show you this man's struggle to survive in new york city after spending his whole life in the amazon rain forest. welcome to our viewers on public television in america and also around the globe. a tiny island is shaking the eurozone. financial markets fell after the terms of
wherever you are today, fidelity's guidance can help fine-tune your personal economy. fidelity investments -- turn here. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions in capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news america." >> this is "bbc world news...
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economy, keeping short-term interest rates at record lows. and it said there are signs the economy is getting stronger. one of those signs-- unemployment-- fell to a four- year low of 7.7% in february. still, the fed predicted it won't reach 6.5% until 2015. the fed and its chairman, ben bernanke, also had words of caution for congress. >> i do believe that long-term fiscal stability is extremely important and i urge congress and the administration, as i always do when i go to testify, to do whatever is necessary to put us on a sustainable fiscal path going forward. but in doing so, i think it's a good idea to pay attention to the impacts in the near term on what is still not a completely satisfactory recovery. >> sreenivasan: congress moved a step closer to advancing a spending bill that would keep the federal government running through september. the senate passed the legislation this afternoon along bipartisan lines. the measure funds the day-to-day operating budgets of every cabinet agency, gives $87 billion to fund overseas military prog
economy, keeping short-term interest rates at record lows. and it said there are signs the economy is getting stronger. one of those signs-- unemployment-- fell to a four- year low of 7.7% in february. still, the fed predicted it won't reach 6.5% until 2015. the fed and its chairman, ben bernanke, also had words of caution for congress. >> i do believe that long-term fiscal stability is extremely important and i urge congress and the administration, as i always do when i go to testify, to...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> as president obama visits israel, the israeli embassy in the united states tries its best to convince everyone that they're best buddies. the israeli embassy actually released this very strange little video to try to make that point. >> warmly welcome president obama to israel. express our appreciation for what he has done for us. >> the bonds between the united states and israel are unbreakable. the commitment of the united states to the security of israel is ironclad. ♪ thank you for being a friend, traveled down the road and back again ♪ ♪ your heart is true, you're a pal and thank you for being a friend ♪ [ female announcer ] new york strips. sudden trips. mr. wiggles and curling irons. for the little mi
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> as president obama visits israel, the israeli embassy in the united states tries its best to convince everyone that they're best buddies. the...
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. >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: today's supreme court arguments pitted a national law against a 2004 arizona voter registration bill. the case explores the extent of state powers against the controversial backdrop of voting restrictions. arizona's proposition 200 requires state residents to provide either a driver's license, passport, birth certificate or physical proof of citizenship before they can vote. but an existing federal law requires only a sworn statement of citizenship on a voter registration form. supporters say the arizona measure cuts down on voter fraud by keeping noncitizens from
. >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs...
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we have a bailout of our own going on every month when the fed puts that money into the economy. that's why we have got the low interest rates, that's why we're seeing a bit of a housing boom right now because money is cheaper than it has been in years. >> it is a huge economic stimulus package from the federal reserve and the chairman, ben bernanke. ali, thank you very much for that report. >>> we're going go back to jerusalem. we're awaiting the president of the united states, the prime minister of israel, they're getting ready for a news conference, to talk about their meeting, talking about iran, its nuclear program, syria, what is going on there. will the u.s. intervene? has a red line been crossed in syria as a result of reports that perhaps chemical weapons have been used? our coverage continues right after this. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. humans. we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back, offering exc
we have a bailout of our own going on every month when the fed puts that money into the economy. that's why we have got the low interest rates, that's why we're seeing a bit of a housing boom right now because money is cheaper than it has been in years. >> it is a huge economic stimulus package from the federal reserve and the chairman, ben bernanke. ali, thank you very much for that report. >>> we're going go back to jerusalem. we're awaiting the president of the united states,...
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huge banks relative to the size of the economy. and so the solution they came up with was taxing deposits in banks. that has turned out to be incredibly controversial. last night the parliament here voted it down even though there had been intense negotiations for weeks about it. now today, it's about plan "b" and it's not clear whether there will be a plan "b." the banks are closed, only get money out of atms, the financial system here on the verge of collapse. and if things don't get resolved quickly, this could be the first country that leaves the euro, chris. >> obviously, investors around the world are watching this really closely. what about here in the u.s.? what kind of repercussions might we feel here? >> well, the biggest repercussion that we saw is when they decided they were going to tax the deposits in banks, just like we have in the united states where we know that if one of our banks fails, we are protected up to a certain amount, 250,000, they have that law in europe, as well, 100,000 euros, but by doing a tax below
huge banks relative to the size of the economy. and so the solution they came up with was taxing deposits in banks. that has turned out to be incredibly controversial. last night the parliament here voted it down even though there had been intense negotiations for weeks about it. now today, it's about plan "b" and it's not clear whether there will be a plan "b." the banks are closed, only get money out of atms, the financial system here on the verge of collapse. and if...
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♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. bill: so onward we go, huh? two more weeks of lent. martha: two more weeks of lent as we were discussing. have a great day everybody. "happening now" starts right now. jenna: right now we have brand new stories and breaking news. >> the fbi on the scene of the university of central florida after a suspicious death there. plus explosives were found inside a dorm. we're live with breaking details. >>> the gop's bold new plan for the future. what the party needs to connect with voters it finds. >>> china out with a new warning for the united states about plans to beef up our missile defense system. how this could impact growing tensions with north korea. it's all "happening now.". >>> fox news alert on a campus in chaos. police are investigating a apparent suicide find weapons and explosive devices at the university of central florida. that is how we begin this monday. i'm jon scott. jenna: i'm jenna lee. ucf is canceling classes just hours after evacuat
♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. bill: so onward we go, huh? two more weeks of lent. martha: two more weeks of lent as we were discussing. have a great day everybody. "happening now" starts right now. jenna: right now we have brand new stories and breaking news. >> the fbi on the scene of the university of central florida after a suspicious death there. plus explosives were found inside a...
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the best way to shrink our deficit is to grow our economy. to grow good paying jobs and put hard-working americans back to work. unemployment remains stubbornly high. we have seen the enemy and he is us. our bloated and inefficient federal government does not promote but stifles progress. it makes us less competitive in the world. we are not being beaten by our competitors worldwide. we are beating ourselves. through excessive taxation and regulation, the federal government stifles economic growth and shifts more and more american jobs overseas every year. on a regulation in energy robs the middle class through higher fuel costs, slows our path to a national energy independence, and costs hundreds of thousands of new american jobs in the energy industry. small banks are a primary source of capital for middle-class families and small businesses. the added burden of the dodd- frank regulations, hamstrings our banks at a time when small businesses and middle-class families need them the most. it does nothing to prevent large institutions from be
the best way to shrink our deficit is to grow our economy. to grow good paying jobs and put hard-working americans back to work. unemployment remains stubbornly high. we have seen the enemy and he is us. our bloated and inefficient federal government does not promote but stifles progress. it makes us less competitive in the world. we are not being beaten by our competitors worldwide. we are beating ourselves. through excessive taxation and regulation, the federal government stifles economic...
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say he hasn't been a very good mayor for the city of new york, he has done a lot on education and the economy. this is a public health issue. you're talking about 7,000 new yorkers who die a year because of tobacco products, 450,000 americans. so, look. i think this is certainly a good step but the mayor is going to have a huge fight on his hands because the tobacco industry has made it clear this is something they'll focus on and they don't back down from fights. >> it is not the only thing he is doing after. the other thing michael bloomberg wants to do is create a minimum price of 10.50 for the pack of little cigarettes and little cigars. he wants to prohibit the redeeming of any coupons for tobacco, require retailers to sell cheap cigars in packs of at least four. i think one of the larger issues out of this obviously is about the role of government in our every day lives when you talk about these kinds of things -- the banning of soda. >> yeah. >> you have to place the calorie counts in restaurants. what do you think about that? that larger issue? >> i mean, certainly in terms of being c
say he hasn't been a very good mayor for the city of new york, he has done a lot on education and the economy. this is a public health issue. you're talking about 7,000 new yorkers who die a year because of tobacco products, 450,000 americans. so, look. i think this is certainly a good step but the mayor is going to have a huge fight on his hands because the tobacco industry has made it clear this is something they'll focus on and they don't back down from fights. >> it is not the only...
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he's been a leading republican voice on the economy for four decades. >> we need to spur economic growth and create more jobs. >> reporter: now the prominent conservative from ohio will be known for something else, changing his hardline position against gay marriage which he revealed to cnn and the very personal reason behind his reversal. >> i'm announcing today a change of heart on an issue that, you know, a lot of people feel strongly about. it has to do with gay couples opportunity to marry. i've come to the conclusion that for me, personally, i think this is something that we should allow people to do, to get married and have the joy and stability of marriage that i've had for over 26 years. i want all three of my kids to have it including our son who is gay. >> reporter: that unexpected revelation came from portman's 21-year-old son will two years ago. >> my son came to jane, my wife and i, told us that he was gay and that it was not a choice and that, you know, that's just part of who he is and he'd been that way ever since he could remember. >> reporter: what's your reaction when
he's been a leading republican voice on the economy for four decades. >> we need to spur economic growth and create more jobs. >> reporter: now the prominent conservative from ohio will be known for something else, changing his hardline position against gay marriage which he revealed to cnn and the very personal reason behind his reversal. >> i'm announcing today a change of heart on an issue that, you know, a lot of people feel strongly about. it has to do with gay couples...
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we, we forget because by the time we came into office in 2009, it was all about the economy. but the animating event really for three years, leading up to that election, was iraq. i definitely think, i think it is, i think it will have a huge impact, it has on this commander-in-chief and will have on future commanders in chief. because they understand that without some popular support, it's hard to go about doing -- a lot of military action. without some broad popular support among people to do something like this, there's very little taste to park tens of thousands of people in a place like syria. that even though it's important, has less of a connection to folks here at home. they understand now probably more than ever, the real costs of the war. not just in dollars, but in lives and in injuries and in things like ptsd, which we'll quite frankly be dealing with for a lifetime. >> rachel i want to talk about the veterans' angle on this and we speak about the cost of war. we often forget about those still living if you're look at what's happening to veterans, there are 600,00
we, we forget because by the time we came into office in 2009, it was all about the economy. but the animating event really for three years, leading up to that election, was iraq. i definitely think, i think it is, i think it will have a huge impact, it has on this commander-in-chief and will have on future commanders in chief. because they understand that without some popular support, it's hard to go about doing -- a lot of military action. without some broad popular support among people to do...
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the republicans and the romney campaign, look, we need to talk about the economy. have a one mention to all voters. well, it turns out the obama way was the successful approach in the 2012 election. >> mark murray, thank you so much. we'll see whether it happens. how the rubber hits the road. >> thank you. >>> coming up, a crowded race in south carolina for the open congressional seat there. there is no shortage. we'll get an update. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. i'm your hot water heater. you hardly know i exist. that's too bad. 'cuz if my pressure rel
the republicans and the romney campaign, look, we need to talk about the economy. have a one mention to all voters. well, it turns out the obama way was the successful approach in the 2012 election. >> mark murray, thank you so much. we'll see whether it happens. how the rubber hits the road. >> thank you. >>> coming up, a crowded race in south carolina for the open congressional seat there. there is no shortage. we'll get an update. [ male announcer ] i've seen incredible...
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the economy is pick up, no questions about it. as that happens, bill, the tax revenues are going to increase a little bit so we maybe bailed out a little bit here, right, melissa by an improving economy. >> it's true if we don't do something to thwart it and knock it off the rails as it's trying to get better. if we don't ruin our own future. bill: it's much more morey more resilient. martha: pope francis break w-g tradition after celebrating mass. look at him om was out there shaking hands and touching people and getting out there, lots of face time and everybody was so excited because tears were streaming down their faces. he's expected to celebrate his inaugural mass in front of tense of house of worshippers in st. peters square tonight. we have not seen anything like this since pope john paul ii. no doubt it's giving his security folks many part attacks as he thrusts into the crowd there. they are also going to do the goss bell in greek rants latin, so breaking some language barriers down there as well. bill: i saw him look at
the economy is pick up, no questions about it. as that happens, bill, the tax revenues are going to increase a little bit so we maybe bailed out a little bit here, right, melissa by an improving economy. >> it's true if we don't do something to thwart it and knock it off the rails as it's trying to get better. if we don't ruin our own future. bill: it's much more morey more resilient. martha: pope francis break w-g tradition after celebrating mass. look at him om was out there shaking...